Weiss Ratings Reaffirms "Sell (D-)" Rating for Perceptive Capital Solutions (NASDAQ:PCSC)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Perceptive Capital Solutions (NASDAQ:PCSC), indicating a negative outlook from investment analysts.
• The company's stock opened at $10.68 and has a market capitalization of $95.16 million, with a PE ratio of 48.55.
• Recent investment activity includes new stakes in PCSC from multiple hedge funds, with Fifth Lane Capital LP investing approximately $480,000 in the first quarter.

Perceptive Capital Solutions (NASDAQ:PCSC - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Perceptive Capital Solutions Stock Performance

Shares of PCSC opened at $10.68 on Friday. The company's fifty day moving average is $10.62 and its 200 day moving average is $10.58. The stock has a market capitalization of $95.16 million, a PE ratio of 48.55 and a beta of 0.01. Perceptive Capital Solutions has a fifty-two week low of $10.07 and a fifty-two week high of $10.74.

Hedge Funds Weigh In On Perceptive Capital Solutions

A number of large investors have recently added to or reduced their stakes in PCSC. Fifth Lane Capital LP purchased a new stake in Perceptive Capital Solutions in the first quarter valued at approximately $480,000. Rangeley Capital LLC purchased a new stake in Perceptive Capital Solutions in the 2nd quarter worth approximately $212,000. Berkley W R Corp purchased a new stake in Perceptive Capital Solutions in the 2nd quarter worth approximately $169,000. Finally, Sculptor Capital LP lifted its position in shares of Perceptive Capital Solutions by 0.5% during the 2nd quarter. Sculptor Capital LP now owns 415,090 shares of the company's stock valued at $4,408,000 after buying an additional 2,243 shares in the last quarter.

About Perceptive Capital Solutions

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.